Oil falls below US$95 on hopes for deal to end war; Israel pounds Lebanon, complicating US-Iran negotiations; Hamas confirms its military leader was killed by airstrike. Follow live updates.

Oil prices slid on optimism that the US and Iran were moving closer towards a peace deal, even though they remained at odds over key issues.

Crude oil prices plunged over 5% as reports surfaced of the US and Iran nearing a Memorandum of Understanding, pushing Brent below $100 and WTI towards $90 a barrel.

Analysts urge caution as US and Iran remain divided on key issues

Brent crude futures down 5.5% to lowest level in two weeks and stock markets rise

LONDON, May 27 : Oil extended losses on Wednesday, falling over 5 per cent after Iranian state TV said it had seen a draft of an initial, unofficial framework for an agreement…

Rolling coverage of the latest economic and financial news

Brent crude fell more than 3% Wednesday as reports of a draft framework agreement competed with fresh U.S. military action near the Strait of Hormuz

Oil falls below US$95 on hopes for deal to end war; Israel pounds Lebanon, complicating US-Iran negotiations; Hamas confirms its military leader was killed by airstrike. Follow…

Oil prices fell on Thursday as hopes of a possible agreement between the US and Iran to prevent further escalation in the Middle East conflict and reopen the Strait of Hormuz…

U.S. strikes on Iran LIVE: Get latest news on Donald Trump, 60-day ceasefire extension, Strait of Hormuz reopening and U.S.-Iran negotiations. Follow The Hindu Live blog.

Oil prices dropped sharply, with Brent nearing $93 per barrel, as the US and Iran tentatively agreed to extend a truce, potentially easing Strait of Hormuz shipping restrictions.